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Today, Valvoline Inc . (NYSE:VVV), a leading producer of petroleum-based products with a market capitalization of $4.8 billion, announced the results of its 2025 Annual Meeting held on Monday. According to InvestingPro data, the company maintains a P/E ratio of 23.2 and is scheduled to report its next earnings on February 6. Shareholders voted on several key proposals, including the election of directors and the appointment of the company’s independent auditor.
In the election for Valvoline’s board of directors, all nominees were elected to serve a one-year term. Votes for each director nominee ranged from 110,663,288 to 111,352,738 in favor, with abstentions and broker non-votes also recorded.
The appointment of Ernst & Young LLP as Valvoline’s independent registered public accounting firm for fiscal 2025 was ratified with a significant majority of 118,106,386 votes for, 937,676 against, and 161,674 abstentions.
Additionally, shareholders approved the non-binding advisory vote on the frequency of future executive compensation votes, indicating a preference for annual consideration with 102,295,613 votes in favor.
The meeting saw a high level of shareholder engagement, with 93% of the outstanding shares represented, either in person or by proxy, confirming a quorum for the proceedings.
The decisions made at the 2025 Annual Meeting reflect shareholder confidence in Valvoline’s leadership and strategic direction. InvestingPro analysis shows the company maintains a "GOOD" overall financial health score, with particularly strong profitability metrics. The company, known for its lubricants and automotive services, continues to maintain robust corporate governance practices as it navigates the competitive landscape of the petroleum and coal products industry. Investors seeking deeper insights can access Valvoline’s comprehensive Pro Research Report, available exclusively on InvestingPro, along with 5 additional ProTips and extensive financial metrics.
The information reported is based on a press release statement filed with the Securities and Exchange Commission.
In other recent news, Valvoline Inc. has been a focal point of several analyst adjustments following the release of its financial outlook for fiscal year 2025. Morgan Stanley (NYSE:MS) downgraded Valvoline’s stock rating to Equalweight, while Stifel maintained a hold rating with a target price of $42. Mizuho (NYSE:MFG) Securities reiterated an Outperform rating, citing confidence in Valvoline’s growth-oriented strategy. However, Baird reduced its price target to $46, and Piper Sandler reaffirmed its Overweight rating with a steady price target of $44.
Recent developments include Valvoline’s strong fourth-quarter earnings, with adjusted earnings per share of $0.46 and a 12% increase in revenue to $435.5 million. Additionally, fiscal year 2024 sales were reported at $1.62 billion. For fiscal 2025, Valvoline projects earnings per share between $1.57 and $1.67, and revenue between $1.67 billion to $1.73 billion.
Valvoline also plans to open 160 to 185 new stores in the upcoming fiscal year, building on the addition of 158 new stores in fiscal 2024. These are among the recent developments for Valvoline, providing investors with key insights into the company’s performance and future plans.
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